The American Rescue Plan Act of 2021 has been approved by the House Budget Committee, and this is the bill that contains President Biden’s COVID-19 relief. You have probably seen…
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For those of you impacted by the recent winter storms and power grid failures in Texas, we hope that you are recovering quickly and that your health and safety have…
Through Covid-19 and the transition of the White House, many things are changing rapidly in regard to not only the tax code, but also interpretations and changes in the different…
Many of you took advantage of the Paycheck Protection Program (PPP) back in the spring, and the forgiveness instructions and details have been unclear ever since. We had hoped that…
As you may know, President Trump released a Presidential Memorandum on August 8th that was referred to as a payroll tax holiday. Up until this past Friday, August 28th, there…
On Wednesday, June 3rd, the Senate unanimously approved H.R. 7010, which altered many terms of the PPP Loan forgiveness application and rules. You’ll have longer to repay any loan proceeds…
As you may be aware, the SBA Loan Forgiveness Application has been released. The full application can be found here. We have also put together the following deck that may help…
On Friday, May 15th, the SBA released the application that PPP loan borrowers must use to determine the amount of their PPP loan that may be forgiven by their lender….
Earlier today, May 13th, the SBA added to its FAQs regarding the Paycheck Protection Program Loans. As you may have heard, there were rumblings that many businesses that received PPP loans should…
Yesterday, April 30th, the IRS released Notice 2020-32, which clarifies a few items related to the Paycheck Protection Program (PPP) loan proceeds utilized for payroll, rent, and other operating expenses….
